By Tom Bronzini / Friday, May 20th, 2011 / Top Stories, Tri-County Economy / Comments Off on Better times at the inn: Thousand Oaks Marriotts signal hotel turnaround
Two Marriott hotels in Thousand Oaks that faced foreclosure on a $25 million construction loan have negotiated to extend the terms of the loan and the action has been dismissed, the head of the San Luis Obispo-based firm that owns the properties said.
The Residence Inn by Marriott and the Courtyard by Marriott in Oxnard are both being foreclosed upon and face lawsuits asking for court appointment of a receiver to step in and take control of the properties